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A “sokaiya” corporate racketeer has admitted that payments from Mitsubishi Motors Corp. were made to him in exchange for his services, police sources said Monday.

Terubo Tei, 53, also known as Teiji Nakamoto, told investigators he demanded the payments as “fees” for company employees’ use of a beach house run by Tei’s wife, in return for his silence at the firm’s shareholder meetings. Tei had maintained in earlier questioning that the payments made into the bank account of a Tokyo-based company run by Tei’s wife were business transactions and not payoffs, police sources said.

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